Many Economists Project the Nearly $2 Trillion Spending Bill Will Increase Inflation
Senior Economists At Moody’s Analytics, The American Action Forum, And Harvard University Predicted The Tax And Spending Bill Would Act To Push Up Inflation In 2022. (Rich Miller, “Top Economists See Biden’s Spending Plan Adding To Inflation,” Bloomberg, 11/17/21)
Price increase of goods and services since 2021 Covid Stimulus package and Build Back Better Bill.
Price of Eggs: The USDA: “Average Price for a dozen eggs in the U.S.A is 4.33 for March 2022.” (USDA, 2/22)
Price of Dairy in Georgia: The USDA: Atlanta, Georgia average Price $3.72, (USDA, 3/10/22)
Price of ground beef in USA $6.315: BLS.GOV (bls.gov, 3/10/22)
Price of Housing and Utilities in GA rose: 45.8% (Trading Economics,2/22)
Grocery Prices surged 14.3% in May versus last year, study finds
"May grocery inflation reached record highs," said the study. Numerator looked at last month's purchase data from 100,000 individuals and compared that to last year's prices. Yahoo Finance: May 2022
